A 401(k) plan also may offer a host of additional services, In addition to investment management and administration fees, you may find these fees:
Besides the advantages offered by par- ticipation in a 401(k) plan, employees also may encounter certain costs and investment risks Eligibility requirements,
Employer's defined contribution retirement plan: 401(k), 403(b), 457 accounts • Traditional and Roth IRAs • Other savings and investments
The accounts modeled assume additional recordkeeping, investment, and other costs as follows: 401(k), 10 basis points; HSA, 50 basis points; Roth IRA, 20 basis
A 401(k) plan is a retirement savings plan, authorized by Congress, where contributions are put in an investment account set up in your name by your employer
Some eleven million 401(k) plan participants take a concentrated equity position in their retirement savings account, investing more than 20 of the balance
When you file your taxes, you will likely have an additional federal tax liability unless you ask your employer to withhold more than 20 because almost all
Employer decides that, in addition to selecting seven mutual funds as investment options for its 401(k) plan, it will also include as an in-
In order to enroll in a Merrill investment advisory program, you must first In addition to individual and joint owners, CMA also can be used for other
saving incentives cannot be attributed to liquidity or investment constraints These results retirement plans besides the 401(k) plan were available
Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as "MLPF&S" or "Merrill") makes available certain investment products sponsored,
managed, distributed or provided by companies that are affiliates of Bank of America Corporation ("BofA Corp."). MLPF&S is a registered broker-dealer,
registered investment adviser,Member SIPC and a wholly owned subsidiary of BofA Corp. Banking products are provided by Bank of America, N.A., and
affiliated banks, Members FDIC and wholly owned subsidiaries of BofA Corp.make available to you, either through margin accounts at Merrill or loans from our banking affiliates, lending products,
including loans secured by your Merrill investment accounts as well as other lending options. The highlighted documents provide additional information . Speak to your Advisor or Financial Solutions Advisor about the accounts and services available to you. Merrill Brokerage Accounts that have the services of a dedicated personal Advisor:A brokerage account type where in a single account you have access to a broad range of investment products (e.g.,
equities, fixed income, mutual funds, alternative investments, options) and services, and which offer ways tomanage day to day finances, such as check writing, Visa debit card, direct deposit, bill pay and funds transfer
services and to take advantage of a bank sweep solution.In addition to individual and joint owners, CMA also can be used for other ownership types including Estates, Living
and Testamentary Trusts, Uniform Transfers to Minors Accounts (UTMA), Uniform Gifts to Minors Accounts (UGMA) and Guardianships. International CashA brokerage account type for non U.S. clients where in a single account you have access to investment products
(see CMA above) and which offer ways to manage day-to-day finances such as check writing, and to take advantage
of a bank sweep solution available through our Cayman Island Bank, Merrill Lynch Bank and Trust Company (Cayman) Limited.An account type designed to provide a tax-advantaged way to invest for qualified primary, secondary or higher
education expenses.A Traditional IRA allows you to contribute pre-tax dollars to the account (if you are eligible under tax law) and
accumulate potential earnings tax-deferred until you begin taking distributions. You will be required to pay income
tax on distributions when you receive them. An IRA account can hold funds transferred from your employer-
sponsored retirement plan.A Roth IRA allows you to contribute after tax dollars to the account (if you are eligible under tax law) and
accumulate potential earnings with no requirement to pay federal (and possibly state) income tax on any earnings distributions (except under limited circumstances). A Roth IRA account can hold funds transferred from your employer-sponsored retirement plan.Traditional or Roth IRA as well as from an employer-sponsored plan of the deceased. Please consult with your tax
professional.This material does not take into account a client's particular investment objectives, financial situations or needs and is not intended as a recommendation,
offer or solicitation for the purchase or sale of any security or investment strategy. Merrill offers a broad range of brokerage, investment advisory and other
services. There are important differences between brokerage and investme nt advisory services, including the type of advice and assistance provided, thefees charged, and the rights and obligations of the parties. It is important to understand the differences, particularly when
determining which service or services to select.For more information about these services and their differences, speak with your Advisor or Financial Solutions Advisor.
© 2022 Bank of America Corporation. All rights reserved. | MAP5010445 | 12/2022 Page 2 of 2
Potential Securities-Based and other Lending Solutions from Merrill and its AffiliatesAn extension of credit from Merrill based on eligible securities you use as collateral from your Merrill accounts,
excluding retirement accounts. The margin capability is a feature of the CMA account type.A demand line of credit from Bank of America, N.A. (BANA) that uses securities in eligible Merrill accounts as
collateral. The LMA account requires a Merrill account and sufficient eligible collateral to support a minimum
credit facility size of $100,000 .A multi-currency demand line of credit from Merrill Lynch Bank and Trust Company (Cayman) Limited secured by
cash and securities, including non -USD assets, in eligible Merrill accounts. An ISBL facility requires a Merrill account with sufficient eligible collateral to support the credit facility.Several of the account types listed above are also available through our self-directed platform (Merrill Edge Self-Directed
or MESD) or the services of Financial Solutions Advisors via our call center or bank or wealth management centers:
A brokerage account type established by you via an online platform whereby you can engage in a self-directed
investing by entering your own trades with access to research and insights, guided tools and market information.
Clients may open taxable accounts as well as IRAs and certain other retirement accountsA brokerage account type where you have access to Financial Solutions Advisors for investment services via a call
center or in certain wealth management centers . New brokerage accounts may only be opened by those clientswith existing FSA-assisted brokerage accounts and by new clients for specific account types (e.g., certain
retirement accounts). Please check with an FSA for eligible new account types.A retirement savings account type that allows for an employer to contribute to IRAs for their employees and
themselves.A retirement savings account type for small businesses with fewer than 100 employees. The SIMPLE IRA is an IRA
with required employer contributions.A retirement plan account type that supports profit sharing, 401(k), money purchase and defined benefit plans
and offers plan sponsors access to a broad range of investment solutions through a brokerage account, as well
as access to advisory programs and self-directed brokerage services that assist with managing and investing
retirement assets, with the plan administrator of their choice.A retirement plan account type that supports both profit-sharing and money purchase plans allowing for tax
deductible employer contributions as well as retirement savings for plan participants. While this account type is
closed to new plans, plan sponsors with existing plans may open individual accounts for newly eligible participants in the plan.An account available to employers for establishing a 401(k) plan for employees so participants can elect to make
pre-tax contributions and invest the contributions at the employee"s direction into investment option available
through the plan"s investment menu.